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The Trade Deal Just Made Your Mortgage Rate Higher, But There’s a Catch

It would have been hard to make it through this week without hearing about Friday’s trade deal progress, but how does it affect you?  At face value, a healthy trade partnership is good for the global economy, but if you need a mortgage any time soon,  the trade deal just pushed your rate higher.  

Rates actually began […]

By |October 11th, 2019|Blog, Mortgage Rates|0 Comments

Don’t Believe The News on Mortgage Rates

As of Thursday, most major news outlets and even several important trade organizations ran headlines claiming mortgage rates were flat this week.  But rates are actually much lower compared to last week.  What’s up with that?

The culprit is the weekly mortgage rate survey compiled by Freddie Mac which has been the mortgage world’s go-to rate index for decades.  There’s nothing […]

By |October 4th, 2019|Blog, Mortgage Rates|0 Comments

Housing Market Ended Summer With a Bang

Looking at the calendar (and the weather, depending on where you live), summer may seem like an increasingly distant memory, but for housing market data, things are just heating up.

Whether we’re talking about the housing market or almost any other aspect of the economy, the biggest economic reports tend to be released long after the days when the […]

By |September 27th, 2019|Blog, Home Buying, Home Selling, Mortgage Rates|0 Comments


While this newsletter series has said it many times before and in many different ways, it bears repeating (and perhaps some extra emphasis this time around): THE FED DOESN’T SET MORTGAGE RATES.

Here are several recent examples of the same thesis for those that really want to dig in to the underlying science and track record:

Worst […]

By |September 20th, 2019|Blog, Mortgage Rates|0 Comments

Worst Week For Rates in 6 Years. Fed Rate Cut Won’t Help

Remember the summer of 2013? Fans of low rates would rather forget it. Specifically, the 2nd to last week in June 2013 marked one of the most abrupt mortgage rate jumps on record. You’d have to go back to 1987 to see anything bigger.

The first week of July 2013 was the 2nd worst week of […]

By |September 13th, 2019|Blog, Mortgage Rates|0 Comments

Best Year For Rates Since 2002, How Low Can They Go?

Mortgage rates are on a tear.  As of this week, 2019 is now the best year in more than a decade in terms of the peak-to-trough move.  But there’s a catch: 2019 isn’t over yet, and there’s always a risk that rates move higher between now and the end of the year.

So, will they (move higher)?

There are plenty […]

By |September 6th, 2019|Blog, Mortgage Rates|0 Comments

Let’s Shatter Some Housing/Mortgage Misconceptions

It’s easy enough for media outlets to accurately report the underlying facts when it comes to mortgage rates and housing. It seems far harder to find consensus when it comes to interpreting those facts.  Let’s clear up some of the misconceptions driving this phenomenon as we recap the week’s market movement and housing-related developments.

For many consumers […]

By |August 30th, 2019|Blog, Mortgage Rates|0 Comments

No Rest For Refi Boom as Tweets Trump Fed

Various speeches from members of the Federal Reserve contributed to upward pressure on rates throughout the week. But then on Friday, all that pressure was erased in an instant or two.  What has that kind of power?  

If you were forced to guess Friday’s big market mover in advance based on a schedule of events, the […]

By |August 23rd, 2019|Blog, Mortgage Rates|0 Comments

New Refi Boom Kicking Into Higher Gear

This week, the Mortgage Bankers Association (MBA) released application numbers that confirm what almost anyone in the mortgage industry could have already told you (if they could find the time and energy!)  A new refi boom is underway.  

The refi numbers are all the more impressive considering how hard-fought the mortgage rate improvement has been.  There’s a […]

By |August 16th, 2019|Blog, Mortgage Rates|0 Comments

Lowest Rates Since 2016, But Why Aren’t They Lower?

Market volatility has been fairly intense over the past week and a half with trade war drama taking the spotlight away from the Fed and economic data. The following chart shows the Fed announcement last Wednesday being trumped by Trump’s tariff tweets on Thursday and then again by China’s decision to weaken its currency (Yuan) […]

By |August 9th, 2019|Blog, Mortgage Rates|0 Comments